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Rupee strengthens to 140.45/65 on expected dollar inflows
Oct 07, 2015 (LBO) – Sri Lanka’s rupee has strengthened on Wednesday with dollar selling by a commercial bank on likely exporter proceeds and expected inflow of dollars, a dealer said. The rupee was quoted against the dollar at 140.45/65 down from 141.00/05. The central bank allowed greater flexibility of the exchange rate from 4th […]
Sri Lanka PM seeks Japanese support for national reconciliation
Oct 07, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is on a visit to Japan had said that, Sri Lanka needs Japanese government support for national reconciliation and peace building process. “We are expecting support from Japan for the national reconciliation and peace building process in Sri Lanka,” Wickremesinghe said addressing Japanese parliamentarians in […]
‘s Leasing senior debt gets “AA-(lka)” rating: Fitch
Oct 07, 2015 (LBO) – Sri Lanka’s People’s Leasing and Finance Company has been assigned a B+/AA-(lka) rating for it’s proposed senior unsecured debentures of up to 6 billion rupees with a stable out look, Fitch Ratings said in a statement. The final National Long-Term Rating is ‘AA-(lka)’, the statement said. The full rating report […]
Technology changing the face of travel bookings, Sri Lanka should be more concerned
Oct 7, 2015 (LBO) – Sri Lanka tourism sector needs to look into travel booking platforms using internet and mobile technology to attract more visitors to the island, an analysts told a forum held in Colombo. “One of the consumer surveys that we did shows that foremost of any travel booking is use of internet,” […]
Japan to provide 45 bn Yen loan under comprehensive partnership-Updated
Oct 06, 2015 (LBO) – Japan will provide a 45.4 billion Yen (380 million dollar) loan under a ‘Comprehensive Partnership’ arrangement that will include expansion of the Bandaranaike International Airport in Sri Lanka, the Japanese Foreign Ministry said. The agreement was announced during Prime Minister Ranil Wickremesinghe’s visit to Japan after meetings with Japanese Prime […]
Sri Lanka stocks close down 0.04-pct: Banking losses
Oct 06, 2015 (LBO) – Sri Lankan stocks closed down 0.04 percent on Tuesday with losses in seen in Dialog Axaita and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.13 points at 7,085.93 lower 0.0.04 percent. S&P SL20 closed 2.92 points lower at 3,827.31 down 0.08 percent. Turnover […]
PTL Watch: Moderate activity, local buying matches foreign selling in bonds
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The second annual ‘Chamber Cricket Championship 2015,’ organized by the Ceylon Chamber of Commerce will be held on the 10th October, 2015 at the Colombo Colts Cricket Club, with the participation of 36 teams. The six-a-side tournament, which was initially held during the year 2014 primarily aims to attract teams representing the local corporate sector. […]
Explain Vijitha Herath’s appointment to CC: Gammanpila
Oct 06, 2015 (LBO) – Parliamentarian Udaya Gammanpila has asked the President to explain the basis on which the JVP Parliamentarian Vijitha Herath was appointed to the Constitutional Council.As per the 19th amendment to the constitution, one Parliamentarian should be nominated by agreement of the majority of the Parliamentarians belonging to political parties, other than […]
Turkey keen on opportunities in Sri Lanka, Room for joint trade and investment
Oct 06, 2015 (LBO) – Sri Lanka and Turkey have scope to increase bilateral economic and trade relations with room for joint trade investments, says Tunca Ozcuhadar, the ambassador of Turkey said in a statement. “We would like to enhance our relations with Sri Lanka which is already excellent,” Ozcuhadar said. “Still, there is great […]
RBI Governor in Colombo say US hike delayed amid slow growth
Oct 06, 2015 (LBO) – The Reserve Bank of India Governor Raghuram Rajan says those who were betting on a September U.S. rate hike now see it delayed until March, amidst weaker economic data. The RBI governor was speaking at the 65th Anniversary Oration of the Central Bank of Sri Lanka in Colombo on Monday. […]
Trans-Pacific Partnership agreement reached following tough negotiations
Oct 06, 2015 (LBO) – The United States and 11 Pacific Rim countries inked a trade deal that cuts trade barriers marking the end of five years tense negotiations, foreign media reports said. The agreement reached on Monday defines the rules of the road for trade in the Asia-Pacific region. TPP will encourage trade between […]